U.S. economy grew more than expected in the second quarter, at a 3.8% pace

An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. U.S. gross domestic product—the nation's output of goods and services—rebounded in the spring from a 0.6% first-quarter drop caused by fallout from President Donald Trump's trade wars, the Commerce Department said Thursday. The department had previously estimated second-quarter growth at 3.3%, and forec ...